State Savings Bank v. Allen

The opinion of the court was delivered by

Burch, J.:

The action was one to enforce the statutory additional liability of the record owner of bank stock. The defense was that defendant did not own the stock. Plaintiff was defeated, and appeals.

The bank became insolvent and the bank commissioner took charge of it in May, 1922. The receiver found no record fulfilling the technical requirements of a “stock register” among the bank’s effects, but he found a clear record of the stock of the bank. This record disclosed certificate No. 193 for twenty-five shares issued to A. F. Allen, dated December…